The Carlisle Mosquito Online

Friday, August 31, 2001

News

Bidding on town-owned lot ends September 4

Who will be Carlisle's newest landowner and the lucky bidder on Lot #10 Carriage Way? We will know on September 4, 2001 at 12:00 noon. No matter who the lucky bidder is, the Town of Carlisle is the real winner. The money made on this sale will be placed in the town's stabilization fund.

Any monies placed in the stabilization fund can only be removed by a two-thirds vote of Town Meeting. This fund is sometimes seen as a rainy day fund. The monies placed in a stabilization fund factor into the calculation of the town's bond rating that is used by banks to determine interest rates when the town borrows money. Having a lower interest rate ultimately results in less money being spent on any major project. The stabilization fund can be used when the town needs to borrow money for new construction (schools, fields, etc.) to either lower the amount borrowed or to help make the yearly payments. The major intent is to plan for future costs so that the impact on the tax rate can be minimized.

This may be the sad end of summer for most, but it is an exciting time for the Carlisle Selectmen as they prepare to have the bid opening on the sale of Lot #10 Carriage Way. The town is able to offer this lot for sale through the foresight of Town Meeting, which allowed the selectmen to purchase an additional plot of land, and access to Carriage Way, to add to a land-locked lot the town originally owned. The result is a wonderful building lot in the approved Carriage Way subdivision that can only truly be appreciated by a site walk. (For anyone who missed the open house last Sunday, the property is marked and can be seen any time.)

The bid packages are available through the Selectmen's Office at Town Hall and all bids must be submitted by 12:00 noon on Tuesday, September 4. Anyone having questions should call the town administrator at 978-371-6688.


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